L’inclusion financière, clé de la croissance durable pour tous en Afrique

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Toronto Bookkeeper - Canada 20/03/2015 19:57
Great blog. All posts have something to learn. Your work is very good and i appreciate you and hoping for some more informative posts.keep writing.
elizabeth lwanga nanziri - South Africa 05/05/2014 16:36
On average, I agree with the author. However, I have found that while the supply side constraints have been addressed through financial intermediation for instance, today's consumer is faced with the increasing sophistication of the financial instruments. As consumer education is increasingly compromised in favour of products promotion, the welfare of consumers might be compromised in the long-run as consumes are wooed into acquiring products only to use them ineffectively with sub-optimal results. Policy for financial inclusion should also emphasize financial education/financial literacy especially since the masses on our continent have less than average education attainment. Individuals need to know explicitly the costs and benefits of being financially included, because the elasticity of substitution between formal and informal products is high for the lower bottom, especially if they discover some hidden costs. Trust for the formal sector and individual risk attitudes must be managed. A well informed populace will better demand and effectively use formal financial services, thereby improving their livelihoods, with spill-over effects for the broader economy. Finally, simplicity is key. Hence the success of the East African mobile money innovation.
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